1945

Official development assistance (ODA) and other development finance from the main aid-giving industrialised countries have declined significantly since the beginning of the 1990s. Long before the threat of more limited access to credit, in the wake of the Asian financial crisis, there has been an ODA crunch. Poor countries that rely heavily on ODA are experiencing reduced aid flows as they now confront falling commodity prices and possibly decreasing export earnings. Meanwhile, their access to private finance for investment remains limited. If this situation persists, adjustment and reform programmes in a large number of low-income countries would be at risk. So would their agendas for poverty reduction and social and human development.

Sustainable Development Goals:
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